BofA to Monitor Credit of Ex-Countrywide Customers

Countrywide Financial, now owned by Bank of America, will provide free credit monitoring for up to 17 million people whose financial information was exposed because of a security breach, according to the settlement approved Monday.

Anyone who obtained a mortgage or who used Countrywide to service a mortgage before July 1, 2008, is eligible for the settlement.

People could be reimbursed up to $50,000 for each time their identity was stolen. They would have to prove they lost something of value, weren't already reimbursed and that the theft stemmed from the Countrywide breach.

Countrywide Financial, now owned by Bank of America, will provide free credit monitoring for up to 17 million people whose financial information was exposed because of a security breach, according to the settlement approved Monday.
Anyone who obtained a mortgage or who...